Shares of Sunrun Inc (NASDAQ:RUN) have been assigned an average rating of “Buy” from the ten brokerages that are currently covering the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $9.92.

Several analysts recently commented on the stock. Vetr downgraded shares of Sunrun from a “buy” rating to a “hold” rating and set a $6.42 price objective on the stock. in a research report on Thursday, February 16th. Zacks Investment Research upgraded shares of Sunrun from a “hold” rating to a “strong-buy” rating and set a $6.50 price objective on the stock in a research note on Thursday, February 9th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $10.00 target price on shares of Sunrun in a research note on Monday, March 13th. Barclays PLC restated an “overweight” rating and set a $6.00 target price (down previously from $7.00) on shares of Sunrun in a research note on Saturday, March 11th. Finally, Goldman Sachs Group Inc reaffirmed a “buy” rating on shares of Sunrun in a report on Friday, February 10th.

Sunrun (NASDAQ:RUN) traded up 2.65% during midday trading on Tuesday, reaching $5.03. 529,564 shares of the company traded hands. The company has a 50 day moving average of $5.14 and a 200-day moving average of $5.35. Sunrun has a 12-month low of $4.15 and a 12-month high of $7.34. The stock has a market capitalization of $530.38 million, a P/E ratio of 5.86 and a beta of -0.80.

Sunrun (NASDAQ:RUN) last released its earnings results on Wednesday, May 10th. The energy company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.15. The firm had revenue of $104.10 million for the quarter, compared to the consensus estimate of $117.13 million. Sunrun had a net margin of 11.00% and a return on equity of 6.42%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 EPS. Equities analysts anticipate that Sunrun will post $1.09 EPS for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the stock. Bayesian Capital Management LP raised its stake in shares of Sunrun by 2.6% in the fourth quarter. Bayesian Capital Management LP now owns 23,700 shares of the energy company’s stock worth $126,000 after buying an additional 600 shares in the last quarter. PEAK6 Investments L.P. bought a new position in shares of Sunrun during the fourth quarter worth about $156,000. IPG Investment Advisors LLC bought a new position in shares of Sunrun during the first quarter worth about $163,000. Pacad Investment Ltd. bought a new position in shares of Sunrun during the fourth quarter worth about $177,000. Finally, Tudor Investment Corp ET AL increased its position in shares of Sunrun by 144.8% in the first quarter. Tudor Investment Corp ET AL now owns 32,800 shares of the energy company’s stock worth $177,000 after buying an additional 19,400 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Sunrun Company Profile

Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.

5 Day Chart for NASDAQ:RUN

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